BV Financial, Inc. (NASDAQ:BVFL) Sees Large Increase in Short Interest

BV Financial, Inc. (NASDAQ:BVFL) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 11,500 shares, a growth of 8.5% from the August 31st total of 10,600 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is currently 0.8 days.

BV Financial Trading Up 0.1 %

Shares of BV Financial stock traded up $0.02 during mid-day trading on Friday, hitting $15.35. 17,705 shares of the stock were exchanged, compared to its average volume of 14,586. BV Financial has a twelve month low of $9.91 and a twelve month high of $15.67. The stock has a market capitalization of $174.62 million and a price-to-earnings ratio of 11.04. The company has a 50-day simple moving average of $14.35 and a 200 day simple moving average of $12.21.

BV Financial (NASDAQ:BVFL) last posted its earnings results on Thursday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter. BV Financial had a net margin of 26.08% and a return on equity of 6.32%. The firm had revenue of $9.51 million during the quarter.

Institutional Investors Weigh In On BV Financial

Several hedge funds have recently modified their holdings of BVFL. Covestor Ltd increased its stake in shares of BV Financial by 99.8% in the first quarter. Covestor Ltd now owns 4,003 shares of the company’s stock worth $41,000 after buying an additional 1,999 shares during the last quarter. BHZ Capital Management LP bought a new position in BV Financial during the 4th quarter valued at $245,000. Dimensional Fund Advisors LP grew its holdings in BV Financial by 43.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,503 shares of the company’s stock worth $351,000 after acquiring an additional 8,866 shares in the last quarter. BlackBarn Capital Partners LP bought a new stake in shares of BV Financial in the 4th quarter worth about $6,806,000. Finally, Vanguard Group Inc. raised its stake in shares of BV Financial by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 481,762 shares of the company’s stock valued at $4,977,000 after purchasing an additional 108,015 shares in the last quarter. 42.65% of the stock is currently owned by hedge funds and other institutional investors.

BV Financial Company Profile

BV Financial, Inc operates as the holding company for BayVanguard Bank that provides various financial services to individuals and businesses in Maryland. The company offers checking and money market accounts, savings accounts, and certificates of deposits. Its loan products include real estate, home equity, construction, lot, auto, boat, and other personal loans; and commercial lending products, such as commercial equipment/installation, commercial real estate, construction, investment real estate, lines of credit, and SBA loans, as well as loans for short-term real estate purchase, renovation, and sale projects.